Element List	Explanation
Introduction	Referring to Naqi Water Company’s previous announcement regarding the signing of a contract to implement the construction of poultry barns within the poultry sector project, the company announces to its esteemed shareholders the latest developments related to the project. The company has signed an addendum to the existing contract that includes construction works to add two new production barns, which will result in a 50% increase in the project’s production capacity. This comes within the framework of supporting the project’s expansion and enhancing its operational efficiency, in line with the company’s strategic plans.
Previous Announcement	Naqi Water Company’s announcement of signing a contract to implement the construction of poultry barns within the Naqi Poultry Project.
Date of Previous Announcement on Saudi Exchange’s Website	2024-12-22 Corresponding to 1446-06-21
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Naqi Water Company is keen on continuous review and updating of its expansion strategy in line with approved growth and expansion targets. In this context, the company has signed an addendum to the existing contract to complete the construction works of the poultry sector project, through the establishment of two new production barns, including the implementation and preparation of infrastructure, structures, and buildings required for the additional barns. This will result in a 50% increase in the project’s production capacity. This expansion comes as an extension of the company’s expansion plans and in response to the growing demand in the market.
Reasons For The Delay on The Date of The Event Previously Announced	Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	The company indicates that the additional costs associated with the project result from signing the contract addendum for the construction works to add two new production barns, including the implementation and preparation of infrastructure, structures, and buildings required for them, within the scope of approved construction works. The value of the additional contract addendum amounts to SAR 3,659,838 excluding VAT. The costs mentioned in this announcement are limited to the contract addendum for construction works. It should be noted that there are other commitments related to the expansion, which will be announced in due course in accordance with relevant regulations and instructions.
Delay consequences on the Company’s financial results	Not applicable